Richard P. Heyse Joins Valmont as Executive Vice President
OMAHA, Neb., Jan. 8, 2013
OMAHA, Neb., Jan. 8, 2013 /PRNewswire/ -- Valmont Industries, Inc. (NYSE:
VMI), a leading global manufacturer of engineered products for infrastructure,
mechanized irrigation equipment for agriculture, and a provider of coating
services, announced today that Richard P. Heyse has joined Valmont as
Executive Vice President. In late February, Mr. Heyse will succeed Terry J.
McClain, Valmont's CFO, who will be retiring after almost 40 years of service.
Richard Heyse has over 20 years of financial, engineering, and information
technology management experience. Mr. Heyse has held the role of CFO at
WESCO International , a Fortune 500 company, as well as Innophos Holdings and
Polyconcept. He holds a Bachelor of Science in Engineering from Purdue
University and a Masters degree in Industrial Administration from Carnegie
Commenting on the appointment, Mogens C. Bay, Valmont's Chairman and Chief
Executive Officer said, "I am very pleased to welcome Richard to Valmont's
management team. His extensive leadership experience in key finance roles will
benefit Valmont as we continue to develop our global markets."
Added Mr. Heyse, "Valmont is a great company whose strategic focus has
resulted in extraordinary growth and success. I look forward to being an
active participant in helping to write the next chapter of its history."
Valmont is the global leader in designing and manufacturing poles, towers and
structures for lighting and traffic, wireless communication and utility
markets, industrial access systems, highway safety barriers and a provider of
protective coating services. Valmont also leads the world in mechanized
irrigation equipment for agriculture, enhancing food production while
conserving and protecting natural water resources. In addition, Valmont
produces a wide variety of tubing for commercial and industrial applications.
This release contains forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are based
on management's current views and estimates and are subject to uncertainty and
changes in circumstances. Future economic and market circumstances, industry
conditions, Company performance and financial results, operating efficiencies,
availability and price of raw materials, availability and market acceptance of
new products, product pricing, domestic and international competitive
environment, actions and policy changes of domestic and international
governments and other risks described from time to time in Valmont's reports
to the Securities and Exchange Commission are examples of factors, among
others, that could cause results to differ materially from those described in
the forward-looking statement. The Company cautions that any forward-looking
statement included in this press release is made as of the date of this press
release and the Company does not undertake to update any forward-looking
SOURCE Valmont Industries, Inc.
Contact: Jeff Laudin, phone, 402-963-1158, fax, 402-963-1198
Press spacebar to pause and continue. Press esc to stop.